File Code: Insurance - Other than Health
- Sponsored By:
-
Delegate Rudolph
- Entitled:
-
Property and Casualty Insurance - Underwriting Period - Discovery of Material
Risk Factor
Requiring an insurer that discovers a material risk factor during the
45-day underwriting period to recalculate the premium for a policy or
binder of personal insurance, commercial property insurance, or
commercial liability insurance under specified circumstances;
requiring the insurer to provide written notice to the insured on a
specified form if the insurer recalculates the premium for the policy
or binder based on the discovery of a material risk factor; applying
the Act to policies and contracts issued after January 1, 2013; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
House Action
- 2/10
- First Reading Economic Matters
- 2/14
- Hearing 3/1 at 1:00 p.m.
- 3/19
- Favorable with Amendments Report by Economic Matters
- 3/17
- Favorable with Amendments {583892/1 Report Adopted
- Second Reading Passed with Amendments
- 3/18
- Third Reading Passed (139-0)
- 3/31
- House Concur - Senate Amendments
- Third Reading Passed (139-0)
- Passed Enrolled
Senate Action
- 3/19
- First Reading Finance
- 3/23
- Hearing 3/28 at 1:00 p.m.
- 3/29
- Favorable with Amendments Report by Finance
- 3/25
- Favorable with Amendments {307573/1 Report Adopted
- Second Reading Passed with Amendments
- 3/26
- Third Reading Passed with Amendments (46-0)
Action after passage in House and Senate
- 5/22
- Vetoed by the Governor (Duplicative)
Bill indexed under the following Subjects:
- Disclosure
- Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
- Liability -see also- Good Samaritan
- Motor Vehicle Insurance -see also- MD Auto Insurance Fund
- Notices
- Prices -see also- Consumer Price Index
- Real Property
Bill affects the following Statutes:
- Insurance
- (
12-106
,
27-614
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
House
- Number: 583892/01 Offered on: March 20, 2012 at:
10:27 a.m. Status: Adopted
Senate
- Number: 307573/01 Offered on: March 29, 2012 at:
11:16 a.m. Status: Adopted
-
Committee Votes :
House
- Economic Matters
Senate
- Finance
- Roll Call Votes (Legislative dates are shown):
House
- March 18, 2012: Third Reading Passed (139-0)
- March 31, 2012: Third Reading Passed (139-0)
Senate
- March 26, 2012: Third Reading Passed (46-0)
